Budget Decisions, Policies Rewarded With Triple-As

Difficult budget decisions by our Board of Supervisors and county agencies have again been rewarded with a Triple-A rating, the highest bond ratings available by all three national ratings agencies, Standard & Poor’s, Fitch Ratings and Moody’s Investors Service.

The high bond ratings mean that the county can sell its municipal bonds at a very low interest rate, saving millions for taxpayers (estimated at $735.48 million to date) and enabling us to use those funds to renovate and build schools and police stations and other critical infrastructure needs.

In addition, policy changes adopted for the current Fiscal Year 2016 Budget enabled Moody’s to revise its outlook on the county from negative (since 2014) to stable. Moody’s noted that the upgrade in their outlook was the result of:

Recently strengthened comprehensive fiscal policies.

The county’s large and diverse tax base with socioeconomic indicators that are well above average.